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CFA Level 1 CFAI Mock Exam I (AM) Questions and Answers 2024( A+ GRADED 100% VERIFIED).
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CFA Level 1 CFAI Mock Exam I (AM) Questions and Answers 2024( A+ GRADED 100% VERIFIED).
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CFA Level 1 CFAI Mock Exam I (AM)Can you initiate coverage on a company that is a potential client? - ANS Yes - as long as the
recommendation is not unjustifiably favorable
Tender Offers - ANS Mat., non-pub info -> can't use!
To be GIPS compliant, a firm must adopt: - ANS the broadest definition of the firm
*presented annually, to all clients
Do you have to reveal referral fees even if $ isn't actually exchanged? - ANS yes (duh)
Remember: if there is total disregard for ethics from BOTH your boss and compliance, you are
recommended to - ANS quit the job
For 3rd party research.. - ANS you must do due diligence
the width of a conf. interval for a pop. mean is smaller if the sample size is: - ANS larger and
the degree of conf. is lower
if the given p-value is greater than the level of significance - ANS the null hyp. cannot be
rejected
to get the compound ROR, use the - ANS geometric mean
exhaustive events - ANS when all possible outcomes are covered
Bayes Formula = - ANS P(event / information) = P (information / Event) / P(information)) x
P(Event)
If the prices of substitute resources decrease, the demand for a given resource will most likely -
ANS decrease
*a dec. in the price of a sub. would induce consumers to use the sub. good, reducing demand
for the good in question
GDP measures the - ANS agg. income earned by all households, all companies, and the govt
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